ADVFN US – Market Content Editor
-
Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News
Adobe (NASDAQ:ADBE) – Adobe‘s shares fell approximately 11.65% in pre-market trading following a robust first fiscal report. Adobe reported an adjusted earnings per share of $4.48 on revenue of $5.18 billion, compared to LSEG consensus estimates of earnings of $4.38 per share and revenue of $5.14 billion. Net income was $620 million. Adobe projected earnings…
-
U.S. Stocks Move Mostly Lower As Producer Price Inflation Exceeds Estimates
Stocks showed a lack of direction in early trading on Thursday but moved mostly lower over the course of the session. The major averages all moved to the downside on the day, although selling pressure remained somewhat subdued. The major averages climbed well off their worst levels going into the close but remained in negative…
-
Crypto: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News
Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already shown results, with the average transaction cost on Optimism (COIN:OPUSD) dropping to about 4…
-
U.S. Retail Sales Rebounded, First-Time Employment Benefit Claims Down
Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates. The Commerce Department said retail sales climbed by 0.6 percent in February after slumping by a revised 1.1 percent in January. Economists had expected retail…
-
Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to see initial strength as traders digest a slew of key U.S. economic data. The futures remained positive even after the Labor Department released a report showing producer prices increased by much more than expected in the…
-
U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb
U.S. index futures are rising in Thursday’s pre-market, with investors awaiting producer inflation data and retail sales, which impact U.S. interest rate projections for the year. At 06:39 AM, Dow Jones futures (DOWI:DJI) rose 108 points, or 0.27%. S&P 500 futures advanced 0.32%, and Nasdaq-100 futures gained 0.46%. The yield on 10-year Treasury notes was…
-
Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative
Fisker (NYSE:FSR) – Shares of the electric vehicle startup fell 39.71% in pre-market trading, following a Wall Street Journal report that Fisker hired restructuring consultants as part of preparations for a possible bankruptcy filing. At the end of February, Fisker admitted to having doubts about its ability to continue operating, as it faced difficulties in…
-
Nasdaq, S&P 500 Give Back Ground But Dow Closes Higher
Following the significant rebound seen during Tuesday’s session, stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages spent most of the day on opposite sides of the unchanged line before closing mixed. While the Dow (DOWI:DJI) inched up 37.83 points or 0.1 percent to 39,043.32, closing higher for the third…
-
Crypto: Toncoin Surges Following Telegram’s IPO Plans, Coinbase Secures $1 Billion via Convertible Bonds, and More News
Toncoin soars after Telegram’s IPO announcement Toncoin (COIN:TONCOINUSD), the cryptocurrency of the TON Network, saw its price surge over 70% in just two days following an announcement by Pavel Durov, founder of Telegram, about plans for an Initial Public Offering (IPO) for the app. Despite the separation of the entities in 2020 due to legal…
-
Oil Inventories, Bond Auction Reports Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 8th at 10:30 am ET. Crude oil inventories are expected to increase by 1.3 million barrels after rising by 1.4 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…